HMSI reports 12% YoY sales growth to 521,159 units in October

Honda Motorcycle & Scooter India (HMSI) Thursday said it has logged a 12 per cent year-on-year growth in sales at 521,159 units in October.

The company had sold 466,552 units in the same month last year.

Domestic sales surged 12 per cent to 490,124 units in October this year, against 437,548 units sold in the same month last year, while exports grew by 7 per cent to 31,035 units, compared with 29,004 units shipped out in the year-ago month, the firm said in a release.

Scooter sales grew by 10 per cent to 322,108 units in October, from 293,117 units in the year-ago month, it said.

The double-digit growth in October came on the back of the festive season demand, the release said, adding the sales of 500,000 vehicles was achieved for the fifth time in the on-going year.